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NFGC / New Found Gold Could Perform Strongly If Gold Rallies

This analysis produces a Buy rating for New Found Gold Corp., but this rating should not be acted upon immediately as the stock could become cheaper soon. A strong positive correlation with the gold price and expectations of a bull market for the gold price due to recession fears could potentially propel New Found Gold Corp to. Gold will be in high demand as a safe haven against the risk of economic recession, gaining momentum as the Fed Chair assesses the current macroeconomic situation. Read More

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NFGC

Posted: Oct 22 2023, 05:42

Author Name: Seeking Alpha

NFGC News

By Seeking Alpha
October 22, 2023

New Found Gold Could Perform Strongly If Gold Rallies

This analysis produces a Buy rating for New Found Gold Corp., but this rating should not be acted upon immediately as the stock could become cheaper s

By Seeking Alpha
August 1, 2023

New Found Gold: Is It A Buy Again?

New Found Gold Corp.'s latest triumphs include two particularly notable gold hits. The company says it struck 4.43 g/t gold over 43.40 meters at Keats

By Seeking Alpha
March 7, 2023

Is New Found Gold Worth Its 'High' Price Tag?

New Found Gold Corp. is a $600+ million gold explorer focused in Newfoundland, Canada. The company has been making some of the best gold discoveries i

By Seeking Alpha
December 29, 2022

Gold Rush 2.0: New Found Gold Corp. Set For A Solid 2023

New Found Gold Corp. is a junior gold exploration company operating in Newfoundland, Canada, which is considered a top-rated mining jurisdiction. In 2

By Seeking Alpha
April 20, 2022

Beat Inflation With New Found Gold

Gold is the best hedge against inflation. Cryptocurrencies are only a speculative bubble.

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